The False Promise of Protectionism

The transcript discusses Trump's view of international trade as a zero-sum game, highlighting the risks of protectionism. It critiques the gap between campaign promises and the realities of governance, especially in economic reforms like tax and health care. The text also examines the leadership changes in US policy, suggesting a lack of competence and the resulting chaos. Finally, it places these issues in a global economic context, noting the challenges faced by institutions like the World Bank and IMF.

What is the main risk associated with viewing international trade as a zero-sum game?

• It encourages global cooperation.

• It reduces competition among countries.

• It leads to protectionism and long-term damage.

• It improves trade balances.

Why might the Trump administration struggle to fulfill its promises?

• They have a clear and realistic plan.

• They have widespread public approval.

• They lack understanding of governance complexities.

• They have strong ideological support.

What is a significant challenge in implementing tax and healthcare reform?

• Reforms are already complete.

• Different stakeholders have varying needs.

• There is a lack of interest in reform.

• Everyone agrees on the same solutions.

What has been the impact of the leadership changes in the US government?

• Increased stability and order.

• A seamless transition of power.

• A leadership vacuum and chaos.

• Improved international relations.

What is the critique of the idea to deconstruct the administrative state?

• It strengthens bureaucratic structures.

• It leads to efficient governance.

• It enhances market control.

• It is merely rhetoric without practical application.